INTRODUCTION
1. In October 2015, MAS kept the Singapore dollar nominal effective exchange rate (S$NEER) policy band on a modest and gradual appreciation path, but reduced its rate of appreciation slightly. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be supportive of economic growth into 2016, while ensuring price stability over the medium term.
Tagged in:
Core inflation
External Environment
Faltering industrial activity
GDP forecast
Growth momentum in China
Impact of global economy
Interest rate normalisation
Modest growth in US economy
Price stability in medium term
Public infrastructure spending
Pullback in financial services activity
Support of further economic growth
Tighter labour market
Weaker consumer sentiment
Weaker demand in global market
Width of policy band